Greece Can Take Down The International Financial System -- Stefan Molyneux

Did you know: 80% of the bailout money went to European Union banks that were Greek bondholders, and not the Greek economy.

The Syriza party and its leader Alex Tsipras won last month's general election in Greece with a pledge to write off half of Greece's debt New Finance Minister Yanis Varoufakis said "too much time, hopes, lives" had been wasted by Greece's forced austerity program.

Stefan Molyneux discussed the Greece debt crisis, the role of the banks in creating this mess, the possibility of an outright default, the danger of derivatives, the destruction of the euro and how a Greece default could set off a global economic meltdown.

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1 comment:

  1. the war is getting hot as always wars in europe but not in washington, NATO main problem to peace on the borders of russia, which happens to be in europe as china as which happens to be next to russia an european nation. when the triangle meets the hexagon russia joins the EU. NATO retreats and washington is out of european unions affairs. that will make it a lot easier on terrorism, israel, and religious problems. education is the key for the diplomatic path, of all. dialogue the method and an ecological economy is the result, rather than just profits. and profits are made when there is war in europe. the diplomatic way for europe is to pull out all its troops from ukraine and bordering russia, and let the americans deal with ukraine and the russians and if the chinese get into the fry, europe stays out and let Kerry handle his problem. and the american soldiers, as britain will have no choice but defend europe, as it is europe that is at war. and the role of european leaders russia included is to defend europe interest not americans.


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